“Aquatech’s goal is to be the leader in oil and gas water
management,” Venkee Sharma, chief executive officer of the
closely held company, said in a statement today. “The
acquisition of FRS represents significant progress towards
achieving our vision.”

Oil and gas producers inject a mixture of water, chemicals
and sand into shale rock to get access to the fuel, in a process
known as hydraulic fracturing. Environmentalists say fracking
can harm drinking water supplies.

Aquatech, based in Canonsburg, Pennsylvania, processes
almost 1 million barrels of produced water daily. Fluid Recovery
Services, based in Creekside, Pennsylvania, can treat, store,
transport and dispose of water from oil and gas operations,
according to the statement.